The capacity of coal-fired power plants in the United States by 2050 will decline by more than half from 2022 levels, as environmental regulations raise costs and new plants powered by natural gas and renewable energy displace the aging fleet, the U.S. Energy Information Administration (EIA) said on Thursday.
Equipment used to capture carbon dioxide emissions is seen at a coal-fired power plant owned by NRG Energy where carbon collected from the plant will be used to extract crude from a nearby oilfield in Thomspsons, Texas, U.S. on January 9, 2017.
All three cases "reflect laws and regulations adopted through mid-November, including the 2022 Inflation Reduction Act , which provides tax credits for zero-emission technologies," the EIA said. The plan will require coal plants that run past 2040 to install carbon capture and storage technology starting in 2030. Those shutting between 2035 and 2040 would be required to co-fire with 40% gas by 2030.
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